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| Penny Stock Forum Penny Stocks are low-priced issues, often highly speculative, selling at less than $5 a share. Penny Stocks are traded on pink sheets and the OTCBB |
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07-17-2007, 03:02 PM
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Jedi Padawan
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Join Date: Jul 2007
Location: Seattle, WA
Posts: 143
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SCOX - SCO Group Inc
Watch this one, it's been moving. I remember something about how they were in bankruptcy but I haven't really investigated. They have been having some wild swings lately, so it might be a good one to daytrade...
News
Quote:
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LINDON, Utah, June 12 /PRNewswire-FirstCall/ -- The SCO Group, Inc. ("SCO") SCOX, a leading provider of UNIX(R) software technology and mobile services, today announced it has received a letter on June 11, 2007 from The Nasdaq Stock Market ("Nasdaq") indicating that the Company has regained compliance with Nasdaq Marketplace Rule 4210(c)(4), which contains the $1.00 minimum bid price per share requirement for continued listing on Nasdaq. Previously, on April 23, 2007, the Company received a deficiency letter from Nasdaq indicating that the Company had failed to comply with the minimum bid price requirement of $1.00 over the previous 30 consecutive business days as required by the Marketplace Rules. During the subsequent compliance period provided under the Marketplace Rules, the closing bid price of the Company's common stock was at $1.00 per share or greater for at least 10 consecutive business days. Accordingly, the Nasdaq Staff has informed the Company that it has regained compliance with Marketplace Rule 4210(c)(4).
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07-17-2007, 07:08 PM
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Jedi Padawan
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Join Date: Jul 2007
Location: Redmond, WA
Posts: 36
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Re: SCOX - SCO Group Inc
Not sure how much you guys know about this company.. I'm in the tech industry so I know a lot about them.. most of which I wish I didn't.
They're basically a law firm that bought the rights to the old SCO Unix operating system. SCO Unix hasn't been updated in decades, but they did have a few IP patents on some core OS technology. The lawyer group bought the rights, and then started suing everyone from Microsoft to Red Hat Linux over the rights. They've been repeatedly smacked down in court for failing to produce evidence.
If you want to play it like a pinkie go ahead, but they don't ever plan to produce anything but lawsuits.
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07-18-2007, 06:31 AM
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Jedi Initiate
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Join Date: Jul 2007
Posts: 2
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Re: SCOX - SCO Group Inc
I'm glad someone posted the true nature of this company. I saw the thread yesterday and have such distain for them them I didn't even read it until today... There is probably no more hated "company" in the industry. While there may be some money to be made off of these slugs, I'm going to stay as far away as possible because of their business ethics, or lack of.
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07-18-2007, 10:56 AM
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Jedi Padawan
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Join Date: Jul 2007
Location: Seattle, WA
Posts: 143
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Re: SCOX - SCO Group Inc
Quote:
Originally Posted by erasei
Not sure how much you guys know about this company.. I'm in the tech industry so I know a lot about them.. most of which I wish I didn't.
They're basically a law firm that bought the rights to the old SCO Unix operating system. SCO Unix hasn't been updated in decades, but they did have a few IP patents on some core OS technology. The lawyer group bought the rights, and then started suing everyone from Microsoft to Red Hat Linux over the rights. They've been repeatedly smacked down in court for failing to produce evidence.
If you want to play it like a pinkie go ahead, but they don't ever plan to produce anything but lawsuits.
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Wow, I wasn't aware that the technology company was bought out by a bunch of lawyers, lol. Nothing good can come of that. I guess that explains why it's down 7 cents today!
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08-23-2007, 08:07 PM
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Jedi Padawan
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Join Date: Jul 2007
Location: Chicago, IL
Posts: 83
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Re: SCOX - SCO Group Inc
Haven't looked at this one for some time. Just saw it and the charts show a rather steady uptrend in the past 5 days and it exploded today, up 24%. Don't really know what happened??? Any ideas?
__________________
Only you choose your destiny, what others say is irrelevant. - Mark M.
Money not spent, is money not worth having.
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09-21-2007, 03:49 AM
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Jedi Knight
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Join Date: Jul 2007
Location: In the South, down in Louisiana
Posts: 568
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Re: SCOX - SCO Group Inc
CORRECT: Sco Group to request listing hearing with Nasdaq
By Carla Mozee
Last Update: 4:46 PM ET Sep 20, 2007
SAN FRANCISCO (MarketWatch) -- Sco Group Inc. (SCOX0.18, -0.02, -8.5%) said Wednesday evening it has received a notice from Nasdaq that its shares are not in compliance with the exchange's listing rules. The notice follows the company's filing last week for Chapter 11 bankruptcy protection. Sco, which provides Unix-based software to run server computers, said it plans to request a hearing before a Nasdaq panel, which will stay a Sept. 27 suspension of the shares. Sco said it cannot provide assurance that the panel will grant its request for continued listing. (Corrects company description.) End of Story
__________________
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